European Economics Preview

European Economics Preview: Eurozone Inflation, Unemployment Data Due

Flash inflation and unemployment from euro area and retail sales from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 3.00 am ET, Destatis is scheduled to issue Germany’s retail sales for September. Economists forecast sales to climb 0.5 percent on month, following a 0.3 percent drop in August.

At 3.45 am ET, France’s flash consumer price data is due. Inflation is forecast to rise slightly to 2.3 percent in October from 2.2 percent in September.

At 4.00 am ET, GDP from Spain and producer prices from Hungary are due. Spain’s GDP is forecast to grow 0.6 percent in the third quarter.

At 5.00 am ET, Italy’s Istat publishes unemployment data. The jobless rate is forecast to rise to 9.9 percent in September from 9.7 percent in August. In the meantime, consumer price data from Poland is due.

At 6.00 am ET, Eurostat releases euro area flash inflation and unemployment figures. Economists forecast inflation to rise slightly to 2.2 percent in October from 2.1 percent in September. The jobless rate is seen unchanged at 8.1 percent in September. In the meantime, Italy’s flash consumer price data is due. Inflation is forecast to rise to 1.8 percent in October from 1.5 percent in September.